Caribou Coffee Company is a coffee and espresso retailer. Caribou Coffee is a Minnesota-based company that specializes in espresso beverages, its own coffee blends, tea, sandwiches and bakery goods. There are more than 273 company-owned coffeehouses in 18 states and 203 franchise locations in 10 countries. read more
So, in December 2000, Caribou Coffee Company, Inc. announced that it was selling a 70% stake (later to become an 87.8%) to Atlanta-based Crescent Capital, a deep-pockets investor backed by First Islamic Investment Bank of Bahrain for $80 million; founders John and Kim Puckett left the board, but CEO Don Dempsey stayed on to run the company for the new owners. read more